article thumbnail

How to tackle wage growth and remain competitive in a tough market

Insperity

Whether you realize it or not, if you’re hiring employees or giving out pay raises, your company already has a compensation philosophy. Because it: Serves as the foundation and principles for how your company pays its people. Your compensation strategy should: Align with your company’s vision and values. Special perks.

Salary 97
article thumbnail

How to tackle wage growth and remain competitive in a tough market

Insperity

Whether you realize it or not, if you’re hiring employees or giving out pay raises, your company already has a compensation philosophy. Because it: Serves as the foundation and principles for how your company pays its people. Your compensation strategy should: Align with your company’s vision and values. Special perks.

Salary 82
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Design an Employee Benefits Program Effectively

Empuls

The survey also found that 80% of employees would choose additional benefits over a pay raise. Health and wellness benefits These benefits include medical, dental, vision, and other health-related benefits. Types of employee benefits companies must provide There are several types of employee benefits, including: 1.

article thumbnail

12 Strategies for Healthcare Employee Retention for Building a Stable and Satisfied Workforce

Empuls

The healthcare sector, a critical pillar of every society, faces unique challenges, especially when it comes to retaining skilled professionals. The current deficit in healthcare personnel is alarming, necessitating a significant boost in staff numbers to meet the care needs of patients. was about 15.9%